Genworth MI Canada Inc Forecasted to Post Q2 2018 Earnings of $1.22 Per Share (MIC)

Genworth MI Canada Inc (TSE:MIC) – Equities researchers at National Bank Financial issued their Q2 2018 earnings per share (EPS) estimates for Genworth MI Canada in a research report issued on Wednesday. National Bank Financial analyst J. Gloyn expects that the company will post earnings of $1.22 per share for the quarter. National Bank Financial has a “Outperform” rating and a $49.00 price target on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s FY2019 earnings at $5.17 EPS.

MIC has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. CIBC lowered shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. TD Securities lowered shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their target price for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada increased their target price on shares of Genworth MI Canada from C$41.00 to C$42.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their target price on shares of Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Genworth MI Canada has an average rating of “Hold” and a consensus target price of C$46.50.

Shares of Genworth MI Canada (TSE:MIC) traded down C$0.03 on Friday, reaching C$41.82. 11,200 shares of the company were exchanged, compared to its average volume of 189,542. The company has a market cap of $3,890.00, a price-to-earnings ratio of 7.19 and a beta of 1.64. Genworth MI Canada has a 12-month low of C$30.38 and a 12-month high of C$44.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. This is a positive change from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 4.50%. Genworth MI Canada’s dividend payout ratio (DPR) is 30.76%.

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About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Earnings History and Estimates for Genworth MI Canada (TSE:MIC)

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